Polarcus receives LOI for highly pre-funded multi-client project in the Middle East

by polarcus on 27-Oct-17 06:51

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to announce that the Company has received a Letter of Intent ("LOI") from an undisclosed client to pre-fund a multi-client XArray 3D seismic acquisition project in the Middle East. The project will commence in Q4 and run for approximately two months.

 

Contacts

Hans-Peter Burlid, CFO
+971 50 559 8175
hp.burlid@polarcus.com

John Scott, VP Global Sales
+1 832 419 2012
john.scott@polarcus.com 

 

About Polarcus

Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs over 400 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.